yyctrader

dever

Hybrid AMM DeversiFi Delivers Airdrop and Trading Rewards

DeversiFi, a decentralized exchange (DEX) on the Ethereum blockchain, has launched trading rewards for users who swap tokens on its platform and announced a retroactive airdrop for early adopters. As many as 25,000 DVF tokens, currently valued at $300,000 will be distributed weekly to program participants who trade the following tokens on DeversiFi. Retroactive Airdrop …

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abraycc

Abracadabra To Offer Supercharged Stablecoin Yields By Leveraging Terra’s Anchor Protocol

“Degen” traders are likely salivating at an announcement by DeFi’s rising star Daniele Sestagalli, claiming that they will soon be able to earn high yields from their stablecoins thanks to a new cross-chain, leveraged yield farming protocol.  The Abracadabra founder said today on Twitter that a protocol which connects Ethereum with the Terra blockchain to …

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Binance Unveils $1B Growth Fund to Supercharge Blockchain Adoption

Binance, the world’s largest cryptocurrency exchange, has allocated $1 billion in funding to a new growth fund that aims to kickstart the next phase of expansion for Binance Smart Chain (BSC). According to the announcement, $100M will be earmarked for talent development to enable a “new generation of crypto-native professionals to push crypto adoption forward.” …

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unknown 3

CyberKongz’ 13,000x Leap Spurs ‘Own to Earn’ NFTs But Regulatory Scrutiny Looms

The lines are getting blurred between NFTs and DeFi. Bored Ape Yacht Club (BAYC), the Ethereum-based NFT collection that exploded over the summer, has announced that it will issue a “legally compliant” token in the first quarter of 2022. The move is intended to “thoughtfully craft dope utility and governance, benefit our club members, and …

CyberKongz’ 13,000x Leap Spurs ‘Own to Earn’ NFTs But Regulatory Scrutiny Looms Read More »

polygon hike

Polygon Hikes its Minimum Gas Price by 30x in Bid to Foil Spammers

Polygon, the sixth-largest blockchain by assets locked, is increasing the minimum gas price for transactions on its network by a factor of 30. The move comes as the network recently surpassed Ethereum in terms of Daily Active Addresses and is intended to reduce the number of spam transactions on the network. There have been increasing …

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comp bug

Compound Finance Pays Out Millions in Excess COMP After Buggy Update

Compound Finance’s smart contracts paid users an excess of millions of dollars in COMP tokens after a protocol update was deployed with a flaw in the code.  The impact of the bug is limited to 280K COMP tokens and does not affect user deposits or loans, founder Robert Leshner said in a tweet. Just over …

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unknown 22

DAOs Accelerate Token Swaps in Push to Diversify Their Treasuries

DeFi DAOs have made some serious cash in 2021 — but generally only in their native tokens. Now they’re looking to diversify. Fueled by a combination of rising token prices and an explosion in fee revenues as DeFi continues to attract new users, the decentralized autonomous organizations (DAOs) that act as a management layer for …

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Ape Diaries: The Early Bird Gets The Airdrop

It has historically paid to be early in DeFi — literally. Traders (including yours truly) are betting that will also be the case on Arbitrum and Optimism.   DeFi has long fostered a culture of rewarding early adopters, with a great example being last year’s massive Uniswap airdrop in which the decentralized exchange airdropped 400 UNI …

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markets

Crypto Markets Keep Sliding As Traders Brace For A Volatile Autumn

Crypto markets continued to swoon in mid-morning trading New York time Wednesday, with top DeFi names such Ethereum and Solana skidding more than 8% in the last 24 hours. The sudden slide this week caught investors by surprise after a glorious run in August saw Bitcoin and ETH reclaiming much of the ground they lost …

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eth burn 2

$830M Burned: A Month Into EIP-1559

It’s been a month, almost to the day, since Ethereum’s EIP-1559 upgrade went live, and the milestone was met with the first-ever deflationary day for ETH, where more of the cryptocurrency was burned than issued. The upgrade promised more predictable gas fees,  an improved user experience and the potential for a lower ETH inflation rate. …

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Three Arrows Founders and Mysterious Collector ‘Vincent Van Dough’ Launch $100M NFT Fund

On August 29, a prolific NFT collector who goes by the pseudonym VincentVanDough (VVD) announced that they would be launching a new NFT fund in partnership with Su Zhu and Kyle Davies, the founders of crypto hedge fund Three Arrows Capital. The new fund, named Starry Night Capital after one of Van Gogh’s most famous …

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1000eth

NFT Roundup: Floors Up 2X, Visa Apes In, and a Fidenza Sells for $3.3M

NFTs have pulled in huge money and a notable financial incumbent fan in the past couple days.  Investor appetite for NFT art and collectibles shows no signs of abating. Sales volumes on OpenSea, the largest NFT marketplace, topped $100M for three consecutive days, a new record for the platform. Art Blocks FOMO And it was …

NFT Roundup: Floors Up 2X, Visa Apes In, and a Fidenza Sells for $3.3M Read More »

sadfrogs

Sad Frog NFT Holders Furie-ous After OpenSea Delisting

A copyright battle is being waged in the NFT space.  On August 16, Sad Frogs District, a collection of 7,000 Ethereum-based non-fungible tokens (NFTs), was delisted from OpenSea, the largest NFT marketplace. According to the OpenSea team, the action was taken in response to a Digital Millennium Copyright Act (DMCA) takedown request by Matt Furie, …

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curvebribe

There’s Now an App for Bribing Curve Token Holders

Curve Finance, the decentralized automated market maker (AMM) focused on stablecoin swaps, continues to cement its position as one of the cornerstones of DeFi and holders of its veCRV governance token continue to reap the rewards. On Aug. 12, Yearn founder Andre Cronje released a tool that allows DeFi projects to bribe veCRV holders with …

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